CFLA Announces State Bar Approved Quiet Title CLE on September 7, 2013 in Brooklyn, NY
Online, August 10, 2013 (Newswire.com) - Every day, more and more Americans are foreclosed upon despite the known irregularities in loan documents, fraud, predatory lending practices, contract law violations, and many actionable torts, on behalf of major lending institutions, loan servicers, investment banks, and even government institutions. As attorneys, CFLA knew there had to be an easier, more affordable way for industry professionals to obtain access to the world of "hidden trade secrets" that CFLA's team of experts has developed.
Register online or phone 888-758-CFLA (2352): www.CertifiedForensicLoanAuditors.com
Pricing
$495 from August 3rd - 31st
$595 from September 1st - 7th (At the Door)
Location
New York Marriott at the Brooklyn Bridge
333 Adams Street
Brooklyn, New York 11201
(Group Discount Rates Available up to 2 weeks prior)
Instructors
Chad Elrod
Education
South Texas College of Law, J.D. (2008)
The University of Houston, B.S. (2005)
Admissions
State Bar of Texas (2008)
Professional Affiliations
Houston Young Lawyers Association
Community Activities
Bridge to Eden, Non-Profit (Director)
Anthony P. Vigna
Education
New York Law School, LLM Tax (2012)
Pace University School of Law, JD Law (1988)
Pace University (1983) MBA Finance
Pace University (1979) Accounting/CPA
Andrew P. Lehman, J.D.
Education
Houston Graduate School of Theology,(Phd. In progress)
West Coast College of Law, J.D. (2006)
The University of Houston, B.B.A. (2001)
Bio
Andrew Lehman is the creative inspiration behind CFLA, which has rapidly expanded to become the premier online legal destination for Attorneys, small businesses and consumers in the Foreclosure Defense Industry.
Class Schedule
The Fundamentals of Securitization
* What is securitization?
* History of Mortgage Securitization
The Securitization Parties and Their Roles
* Pooling and Servicing Agreements
* Originator-Bank that originated the loan
* Sponsor/Seller-middle bank bought note from originator and sold to depositor to package in the trust - most missed the closing date
* Depositor-Bank that sold the Note to the Investor
* Issuing Entity - The Trust: Closing Date, Lack of Standing, MERS
* Every Mortgage is supposed to be registered on this system
* Intended during the 1990's to cut recording costs/fees for the banking industry; also helped hide chain of title from the public
* Approximately 65 million mortgages=Mers is beneficiary or nominee
* Each time the NOTE was transferred by law there was supposed to be a duly signed assignment (from Originator to Sponsor/Seller to Depositor); this did not occur in most cases
Mortgage Securitization Audit
* Shows exactly how many times the note has been sold and into which trust (classes); in some instances the note has been sold multiple times as if it was the first time the Note was sold - Securities Fraud
* Shows the note has been paid off - answer to tender rule
Quiet Title
* What is Quiet Title?
* Steps to Quiet Title Litigation: Title Search - Public Record Search, Complaint for Quiet Title
* How to use audits in litigation
* Discovery Issues
* Settlement of Case or Judgment of Quiet Title
* Settlement: Principal Reduction, Interest Reduction, Credit Report - Paid as Agreed, No 1099 in Settlement
* Judgment of Quiet Title: Free and Clear Property, Unsecured Note, Asset Protection
* Summarize, Acknowledgements and Conclusions
The Securitization Parties and Their Roles
New York Quiet Title Law in the Foreclosure Defense Context
Nature and Purpose of Relief
Mortgage Lien Validity as a Cloud on Title
Practice and Procedure
* Jurisdiction
* Limitation
* Parties
* Pleading
* Judgments
* Answers and Counterclaims
* Burden of Proof and Trial
Post Foreclosure Sale Relief (Wrongful Foreclosure)
New York Case Studies: Proper Pleading of Quiet Title in Mortgage Context
Assignee's/Transferee's Standing to Foreclose
* Standing Generally
* Negotiable Instruments (UCC Art. III)
* Assignments vs. Transfers
* Mortgage Assignments (State Law)
* Contents
* Proper Effection
* UCC Art. III Transfers (UCC and State Law)
* Pre-Requisites of a Negotiable Instrument
* Pre-Requisites of a Transfer
* Holder Status vs. Holder in Due Course Status
New York Case Studies: Standing to Foreclose
Basics of a Homeowner Workout
* Reinstatement
* Bankruptcy
* Deed in Lieu of Foreclosure
* Modification
* Short Sale